Cracker Barrel Boosts Outlook as Q2 Earnings Beat Estimates (CBRL)

Share |

Restaurant/retail concept operator Cracker Barrel Old Country Store, Inc. ( CBRL ) on Tuesday posted better-than-expected fiscal second quarter earnings and raised its full-year earnings guidance.

The Lebanon, TN-based company reported fiscal second quarter net income of $25.6 million, or $1.10 per share, compared with $28.8 million, or $1.20 per share, in the year-ago period. Excluding one-time items, adjusted profit was $1.20 per share.

Revenue rose 5% from last year to $673.2 million.

On average, Wall Street analysts expected a smaller profit of $1.14 per share on lower revenue of $659.2 million.

Looking ahead, CBRL raised its full-year 2012 earnings forecast to a range of $4.20 to $4.35 per share, up from a prior estimate of $4.10 to $4.25. Analysts are looking for $4.29 per share for the year.

Cracker Barrel shares were unchanged in premarket trading Tuesday.

The Bottom Line
Shares of Cracker Barrel ( CBRL ) have a 1.80% dividend yield, based on Friday's closing stock price of $55.63. The stock has technical support in the $50-$52 price area. The shares are trading right at all-time highs.

Cracker Barrel Old Country Store, Inc. ( CBRL ) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Created by

This article appears in: Investing , Stocks

Referenced Stocks: CBRL

More from

Related Videos

Top Home Financing Myths
Top Home Financing Myths            



Most Active by Volume

  • $17.88 ▼ 1.38%
  • $18.51 ▼ 6.98%
  • $94.01 ▼ 1.26%
  • $121.30 ▼ 0.87%
  • $23.28 ▼ 9.17%
  • $14.20 ▼ 0.77%
  • $14.83 ▼ 1.79%
  • $46.70 ▼ 0.38%
As of 7/31/2015, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by